ERET European Real E

TIDMERET

RNS Number : 7820K

European Real Estate Inv Tst Ltd

05 January 2016

European Real Estate Investment Trust Limited

5 January 2016

Valuation Announcement

The Board of European Real Estate Investment Trust Limited (the "Group") announces the valuation of the Group's property portfolio as at 31 December 2015.

The value of the property portfolio as at 31 December 2015 was EUR31.8 million. This compares, on a like-for-like basis (following the sale of the property at Kaiserslautern), to a 30 June 2015 value of EUR32.1 million, a decrease of 0.7%.

The valuations are provided by the independent valuer (CBRE) in accordance with the Royal Institution of Chartered Surveyors (RICS) Appraisal and Valuation Standards and show the "Market Value" assuming an asset sale of each property and allow for acquisition costs incurred by purchasers.

This announcement is not a preliminary statement of the Group's financial results. The financial information contained herein is not audited and is subject to change. The Group expects to publish its financial statements for the year ended 31 December 2015 by early April 2016.

For further information, please contact:

Praxis Fund Services Limited

   Shona Darling                                        Phone: +44(0) 1481 755528 

Cenkos Securities plc

   Dion Di Miceli                                        Phone: +44 (0) 20 7397 1921 

Schroder Property Investment Management Ltd

   Duncan Owen / Tony Smedley                Phone: +44(0) 20 7658 6000 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 05, 2016 02:00 ET (07:00 GMT)

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